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. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radical right after senate republicans block a u.n. treaty on rights for the disabled because they are concerned about home schooling. you don't want to miss this tape. >>> plus my interview with ohio senator sherrod brown on what looks like a massive win for progressives and elizabeth warren. >>> then senator debbi stabenow of michigan on the latest in the fight to end republican obstruction. and the people creating petitions on the white house website are getting more and more creative. we'll tell you what the new petition to build a death star. >>> good to have you with us. thanks for watching. democrats are determined to extend the middle class tax cuts before the end of the year. that's the bottom line. party leaders and members are all on the same page. president obama rejected the latest proposal from john boehner.
would call something the bowles plan, the approach outlined in the letter speaker boehner sent to the president does not represent the simpson bowles plan nor is it the bowles plan. harry reid says not only does speaker boehner's proposal delay revenues into 2013, it sets up another destructive fight over the debt ceiling. the senate wasting the public time. house republicans should allow a vote on the senate passed middle income cuts. a discharge petition to force a vote on extending on tuesday at noon. the two sides are still talking informally. last night oklahoma senator tom coburn while berating the white house for rejecting boehner's plan out of hand, ended up criticizing both parties for what looks like brinksmanship right now. >> here is speaker boehner taking a midpoint and offered it and it's already flatly rejected? we need nothing offered in publ public. nobody should come out of the room until this is solved. >> today state budgets affected by automatic budget cuts scheduled for january 1 will be meeting with the president and congressional leaders at the white hou
boehner's deal. senator jim demint says the tax hike will destroy american jobs. the coke brothers say leaves conservatives wanting. the heritage foundation said the proposal was asking republicans to go back on their promise not to raise taxes. so there is pushback. >> there is push back. it's not surprising there's push back, given the fact this is essentially on economic issues. all that the republican party has stood for for decades now. but what's going to be important to look for is what are those numbers. i think there are going to be a certain number of republicans who don't vote for it. that's a given. you have to look at how many republicans do vote for it. the question here is will those republicans who support a compromise deal, support increased taxes face a backlash in their own primaries? will they suffer at the ballot box? i think if you have a good, substantial chunk of the republican caucus going along with the deal, there are safety in numbers so they can't be voted out, they can't be primaried in that same way if a lot of them go along with it. >> now, a lot of this
. >> brings more obstruction from speaker boehner. >> the white house has wasted another week. washington has a spending problem, not a revenue problem. >> and a dodge on jobs. >> why take such a risk when the jobs number is improving? >> well, because the risk the president wants us to take, increasing tax rates, will hit many small businesses. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat. >> plus, go on. >> south carolina senator jim demint is dequitting. >> run stephen, run. >> you want somebody young, conservative, from south carolina. maybe who has super pac pointing -- wait a second. ♪ >> thank goodness it's friday and it's a busy one at that. we have breaking news. within the last hour, the supreme court has announced that it will for the first time take up appeals on same-sex marriage. hearing cases on the defense of marriage act and california's proposition 8. much more on that in a moment, and the busy week ends with some good news for america's workers and the president. a little christmas cheer some early. the u.s. economy gen
stalemated over how to avoid automatic tax hikes and spending cuts, come january. house speaker john boehner did speak by phone to president obama this week, and it was widely reported the two have agreed to negotiate directly with each other. but boehner said today, "there's no progress to report." >> four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> sreenivasan: the president has insisted there will be no deal unless republicans agree to raise tax rates on the top 2%. republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher e
you for joining us. >> eliot: will john boehner and mitch mcconnell actually leave this time? coming up next. ice breakers mints. break the ice. question: why are ice breakers mints called mints? answer in a moment. fruit just got cooler. fruit on one side, cool on the other. ice breakers duo. a fruity, cool way to break the ice. brought to you by ice breakers mints. break the ice. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ female announcer ] what would you call an ordinary breakfast pastry that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. >> eliot: one of the reasons cited by senate republicans to ratify an u.n. treaty providing protection to people with disabilities they didn't believe big decisions should be made by a lame duck congress, re
. >> eliot: will john boehner and mitch mcconnell actually leave jennifer >>>> i want the people who watch our show to be able to come away armed with facts and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. >> eliot: one of the reasons cited by senate republicans to ratify an u.n. treaty providing protection to people with disabilities they didn't believe big decisions should be made by a lame duck congress, really? these are the same folks who were supposed to be in serious negotiations about the impending fiscal cliff. even mitch mcconnell should acknowledge the hypocrisy in that one. over the fiscal cliff negotiations one thing has become crystal clear. the schisms are becoming more and more pronounce. there are three distinct groups, theological warriors who want to impose their views on the country. tee party zealots and remnant of the pro business moderates while their fiscal views are the last reasonable voice in the republican party. it's this last group who are willing to compromise and combine their ideologi
republican front man house speaker john boehner is sending the white house a message that the president's no more mr. nice guy approach is the wrong approach. >> i think they won the election, must have foregotten republicans continue told the majority in house to. but, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> top republicans used words like stalemate and nowhere to go describe the current state of play. others within their party are taking it one step further telling americans they should be prepared for the punch. >> i thank the president and tim geithner for re-energizing the republican caucus. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. >> with both sides looking like they are dig in but cementing in and the calendar page ticking down what does it take to play let's make a deal. >> let's see how big yours is versus mine in the earnings of their plans. >> everybody should just go to sleep, wake up on december 14th when there's about a wee
the leverage point for boehner is right now, knowing that fact. >> does he know that the president can't deliver his party without that rate change? >> i think he does, but i think also that the president knows that boehner has got some problems in his -- >> what does boehner need to do to pay for that? if boehner knows -- this is smart. if boehner knows he has to give on the tax rate at the top, what does his party insist on getting in return? do you know? do you know? what do they want? >> i think that they get -- as i said on this show before, the deal has always been, here, we will give you the cuts in spending if you give us a tax increase. we get the tax increase. we never get the cuts in spending. i think they want a definitive -- >> what do they want for spending? 50/50? >> i don't know if it's 50/50? >> 10 to 1. >> let's not get sarcastic. >> 3 to 1. >> yeah. it's not a question mark -- >> i think it's 50/50. >> three to one? >> yeah. >> $3 in spending cuts for every $1 in revenue? >> at least, at least. >> that's crazy. they'll never get that. they won't get that, will they?
criticized john boehner. john boehner should not be concerned about losing his job. he should be concerned about doing his job. his job is that of the american people. i do not want to get caught up in the sound bites. at least bring some kind of leverage, some kind of balance to this crisis. host: "in new york times" this morning -- guest: what does he have to negotiate? there are three options. you could allow the tax cuts to expire december 31. you can cancel some or all of the tax increases and spending. that would accelerate a dive back into a great recession or depression. in the first quarter, we would have very little difficulty in distinguishing ourselves from the crisis that is in gulf and europe and especially greece. the other thing we could do is come to a midline course of action where you could actually -- what can you minimally due to cut spending? what can you minimally due to have shared sacrifice so everyone is sacrificing something in this game? the other thing we don't talk about -- the interest rates on the deficit have been the lowest in 200 years. if we went back to
and medicare. humbug, indeed. that's the christmas message from speaker boehner. "hardball" with chris matthews is next. >>> in the belly of the beast. let's play "hardball." ♪ >>> good evening. i'm chris mam ewes in washington. let me start tonight with some grave robbing. we're going gown to the dark, cold tomb of the late romney campaign. we're going to excavate the murky truths that were the living heart and mind of the defeated republican effort. going to exhume tonight the guts of the thinking that went on and went so wrong. tonight, we get what we only guessed at, the results of which played out in the numbers of election night. the nasty, anti-immigrant politics, the attitude toward that 47%, the failure to turn out the white male vote, the reason romney picked ryan and the wild prelude to the clipt eastwood performance. tonight on "hardball," the dark arona of what lies now beneath the dirt so we can understand what it looks like, to think and feel your way into a historic disaster. with me are jeff zeleny with "the new york times" and susan milligan who is contributing editor at ""u
: i know but they are going to have to do that. also, john boehner -- this proposal has $160 billion less than he offered before the election and also raises the money taken out of medicare and medicaid by $62 billion. how democrats or anybody could except that -- could accept that. the average folks here in america do not want to pay their fair share. they cannot argue the point that everybody has to give a little bit more to help us eliminate some of this debt and keep the country going in a positive direction. host: did you see the reaction from harry reid? caller: [laughter] host: let me read a portion of that. that is what the democratic leader in the senate had to say about yesterday's counterproposal put out by house republicans. we noted in this letter sent to the white house from the speaker also includes the signatures of paul ryan as well as eric cantor and the rest of his leadership team seems to be on board. here is the chairman of the republican study committee's statement. so here are the opening offers in "the washington post." time." there is the side-by-side in the
with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it is not 39 or 35 percent. all nonstarters in the world of negotiation. >> gretchen: two things to discuss. why is it tim geithner doing the discussions inted of the president of the united states. let me know if you have an answer for that. and the reason they are asking for this stuff. this is the way negotiations work when you win the presidency. you are walking around with your chest puffed up. this week, nothing wil
boehner is out there in what appears to be a campaign style, giving speeches instead of negotiating? >> well, it's disturbing in some respect. he is the leader of the country. and rather than be in washington d.c. in a room working with everybody involved that can make these decisions and push legislation, republicans, democrats, senators, members of house and talking through the knitty gritty, he proposes town and campaigns about it and it's difficult to communicate and talk about things if the president is not in washington to talk. >> dave: especially with roughly two weeks to go before congress recesses on the 14th. always good to have you on, thank you, sir. >> thank you, dave. >> dave: coming up next, for those who wish life was like a music cal. a new site is auctioning the way to propose. is the price tag to pop the question worth it. and take thieves taking packages off people's porches, how to make sure it doesn't happen to you. it happened to me a year ago. ♪ ♪ >> wake up, it's time for your news by the numbers. first, 300 bucks, how much a room is in milford plaza h
boehner opened the door for that. president obama has indicated no intention of looking at that. host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long-term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and the president got together and locked in about $4 trillion of spending cuts. it has to be enacted. we're talking about 40% of the spending budget. that includes the defense budget, and other non-defense spendi
, republican of oklahoma. house speaker john boehner sent his proposal to the white house yesterday. what do you think? >> guest: it is a great opening fire. it makes very tangible what the speaker committed to after the election, which is will put revenue on the table so it's settled them are not talking about how much and what way. it is an enormous step forward either republicans or concessions. not something we want to do, this something we recognize we have to do to get there. second, the speaker's proposal directs us towards what the real problem fire, which are entitlements. as for driving that come you can't pussyfoot around it. you have to have fundamental bill reform. while we like to run and budget may still end that would be the appropriate way to go, the speaker picked up elements of proposals that erskine bowles and senator simpson had made. again in an effort to reach foer. so the speaker needs to get credit for terrific effort and a great opening position but now hopefully will be a discussion. >> host: loopholes and deductions by which the grover norquist pledge to not raise
obama and john boehner talked on the phone and later on wednesday. what have we learned if anything about that conversation? caller: very little has leaked out on the conversation. we're not sure how long it lasted. it is a sign that maybe even incremental progress has been made this week. host: can we glean anything from who called who identify this phone conversation? when the last time they talk before wednesday afternoon was? host: it has been about one week since they talked. we do not even know, as far as i know, who called the. they really have given us the details on the call. host: we are talking to steven sloan. what is the latest on the two sites? who seems more willing to compromise at this point? caller: we are still a in this game of chicken. both sides have made their offers. neither side appears at the moment close to making new offers or backpedaling on the offers may have made it. we still are in is still made mode right now. we will have to see whether that changes it. host: an article from politico yesterday. what is the latest on whether they will open up? calle
, house speaker john boehner attempted to paint a picture of white house negotiations and how to avoid going over the fiscal curve. i have been saying fiscal slope. now on the show, i'll go with curve. >> this isn't a progress report because there's no progress to report. four days ago, we offered a serious proposal based on testimony from president clinton's former chief of staff. there's been no counter offer from the white house. instead, reports i understand kate the president adopted a deliberate strategy to slow walk the economy to the edge of the fiscal cliff. >> the extremely vague republican proposal did not include an increase in tax rates a position he reiterated on friday making clear there's no movement on the white house's red line on treasury secretary tim geithner as he was asked about it wednesday. >> the administration's position when it comes to raising taxes on the wealthy. making more than $250,000. if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up
boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is some e-mail traffic going back and forth but they refuse to tell us when and where they plan on negotiating this. back to you. ashley: i bet the language in the e-mail is pretty interesting too. >> right. ashley: rich edson, thanks so much. tracy: well more companies are accelerating their dividend payments. so we heard from campbell's soup and coach. some of the latest getting cash to shareholders ahead of fiscal cliff. oracle taking it a step further. moving up three dividend payments before the end of the year. for more on this, we're joined by gary kaltbaum, president of cat obama capital management and fox news contributor. gary, i'm glad you're here. this has to be backfire at some point where companies
appoint the honorable andy harris to act as speaker pro tempore on this day, signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our father, chap -- by our chaplain, father conroy. chaplain conroy: let us pray. gracious god, we give you thanks for giving us another day. you have blessed us with all good gifts and with thankful hearts we express our gratitude. you have created us with opportunities to serve other people and their need, to share together in respect and affection, and to be faithful in the responsibilities we have been given. in this moment of prayer, please grant to the members of this people's house the gifts of wisdom and discernment that in their words and actions they will do justice, love with mercy and walk humbly with you. may all that is done this day be for your greater honor and glory, amen. the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces to the house his approval thereof. pursuant to clause 1 of rule 1, the journal stands approve the c
to the house of representatives. did speaker boehner and the republicans in the house promptly pass this popular bill and send it to president obama for his signature? did they move to protect 98% of middle-class families from this tax hike in january? no. no. they decided to hold the middle-class tax cuts passed by the senate hostage in an attempt to push for tax cuts for the folks they care the most about, the top 2% of highest earning households. republicans fighting for millionaires and billionaires is not a new story. in 2001, president george w. bush decided to spend a large portion of the surpluses he inherited from president clinton to cut tax rates. many democrats opposed him then because the tax cuts were unfair, favoring the highest-income americans. to overcome that obstacle, the republicans resorted to a parliamentary technique, budget reconciliation, a maneuver that allowed for passage of their tax cuts but forced them to expire after 2010, at the end of the ten-year budget window. so we scroll forward to 2010. as 2010 ended, president obama and many democrats in congr
for it, either. just listen to the voices within speaker boehner's own party. there we go. a kent conrad i am not in terms of my facility with charts. it's clear that speaker boehner has needed cover from his right flank before he could agree to any deal on taxes with the president. the speaker didn't have it before, but he sure has it now. when "the wall street journal" editorial page says that decoupling would not go against conservatives' antitax principles, that gives a whole lot of cover to the speaker. when grover norquist refuses to declare whether decoupling would violate his group's pledge, that, too, gives a whole lot of cover to the speaker. and when more and more rank-and-file republicans come out publicly every day in favor of passing the senate bill, that, too, gives cover to the speaker. you really have to absolute cram tom cole. he was the first one on the other side to dare speak the truth about what should be done on taxes and he's been on tv almost every day making the case to his party in public. the day after congressman cole went public he was dismissed as having a
house. at one point, i found myself between john boehner and tim geithner. i quickly backed up. it was an opportunity to talk to my colleagues. i told gene what i was going to say today. i've realized i had no idea what he was going to say. i look forward to hearing his comments as well. >> my name is mariah. i came all the way from the other washington. my grandfather died fighting for social security. i will not let the government take these benefits away from my generation. i'm here for my mom who is a schoolteacher. she spent the best of for years educating our children. she deserves the right to desirretire. i'm here for -- this woman what her whole life in the hotel industry. i'm also here for my friend mark, who owns a small business. >> ma'am, i'm going to have to ask you to sit down. >> there is more -- [indiscernible] [crowd chanting "the economy!"] >> ok. i am going take a moment to try to talk. we will see if it works. but i think what we just saw is a true reflection of how hard what we're tying to do is. we are trying to create for them to have discussions. we can
. i looked at him and i said, you can't be serious. >> what shocked john boehner and are we getting any closer to an agreement? look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. reliability and ways to connect. because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >>> there's some thick fog, a little bit in the east bay and north bay. >>> new this morning, secretary of state, hillary clinton, warning that there is a redline for the united states if syria uses chemical weapons in thei
speaker john boehner are talking now again after a week. whether they're making significant progress, we hope to get more details today. >> tracie, thank you. >>> breaking news out of syria. here's melissa mollet at the live desk. >> good morning. syrian rebels claiming damascus international a civilian target. they're warning civilians not to approach it. they're also warning the syrian government is planning to use chemical weapons. and regime forces are firing rockets around the capital. 40,000 people have been killed in the country's civil war. at the live desk, melissa mollet, news 4. >>> today world war ii veterans nationwide will commemorate the 70th anniversary of the attack on pearl harbor. pearl harbor survivors will attend a wreath laying ceremony. in our area, flags will be flown at half staff today on all local, state, and federal buildings. in virginia, governor bob mcdonnell will attend a ceremony and lay a wreath at the virginia war memorial in richmond. governor mcdonnell has issued a proclamation for today to be pearl harbor remembrance day. >>> you can see the rider ge
, that is the same of what speaker john vader, offered the president in their negotiations -- speaker john boehner offered the president in their negotiations in 2011. the white house has consistently signaled a loss of of weeks that they will not accept any deal that keeps tax rates for the wealthy. >> russell burma is a staff writer for the hill. thank you. >> thank you. >> and you can go to our website c-span.org to read the letter that the president wrote to house rubble can survey. it was signed by house speaker john vader, majority leader eric cantor, and four others. a group of retired military officers and business leaders recently released a report outlining ways to decrease u.s. dependence on oil. the group today posted eighth discussion on oil independence. among the speakers, the senior -- the ceo of a and fedex, a white house adviser, and senators. >> a good morning, everyone. i especially want to thank members of the security council. they have been a distinguished group of members since 2006. i also want to give a special thanks to -- >> i want to give a special thanks to the staff
john boehner sens the proposal what do you think? >> it is a great opening start makes sarid tangible what the speaker committed to it after the election to the revenue on the table not how much or what way with that is inner misstep by the republicans not something we want to do but what we have to do. the speaker's proposal directs us to real problems that is what drives the debt and you cannot pussyfoot to warsaw office revenue but to have fundamental reform. we like the right and budget this the cure picked up elements of first gambles and i think again in the effort to try to reach across. he needs to get effort to for what will be an active discussion. >> does have violate the pledges to violate taxes? >> it of thing so. keeping tax rates with a hour is the question. you can increase revenue by a more independent system getting away from loopholes. that is something that paul ryan is a leading advocate. i think it is a smart and good proposal if i was pleased to see their pay republican setting off the justice name hopefully the white house knows that means unity. >>host: here i
. it was disheartening to hear john boehner come out yesterday and say we are nowhere near any sort of progress or any sort of outcome. >> we have been talking. >> clayton: we have been having lunch, haven't been talking to the other side. and look we have the countdown clock, 23 days. and republicans are basically saying, look, the president doesn't want to do this, doesn't want to have an agreement. the president though is saying, look, we can get this done. let's listen to the president first. >> when all of this, bypassing a law that prevents a tax like on the first $250,000 of everybody's income, that means 90% of americans and 97% of small businesses wouldn't see their income taxes go up by a single dime and even the wealthiest americans would get a tax cut on the first $250 of their income and families everywhere would enjoy some peace of mind. >> see, the thing is here, republicans think that the president doesn't want to do anything. at the end of the day, if the president dogs nothing, the bush tax cuts expire. by negotiating. it's almost he has less of a chance by not doing everything he ge
to walmart.com for details. the news landed with a thud and a sigh. house speaker john boehner tried to beef it up with a statement expressing the import of the role. but announcing candace miller as the chairwoman of the house administration committee on friday. the house administration committee -- the house administration committee on friday, did little to squelch that icky feeling created by this image. these are the 19 previously announced committee chairman and unlike miller, these chairman actually hold rank over committees that work on national budgets and policy. no, your eyes are not deceiving you. want to look again. here it is. you had it right. 19 men, 19 white men and yes, we fully understand that, as republicans maintain the majority in the house, they get to pick the committee chairs and there is seniority to consider. pause with me a second. president obama won the women's vote by 11 points, latino by 44 point, asian-american by 47 points and the african-american by 87 points. he even won other by 20 points. anyway. they have that kind of numbers pundits espousing that democ
to the speaker today, speaker boehner. let the house vote. if they voted overwhelmingly, mr. president, one republican suggested, one republican house member that more than half of the republicans in the house would vote for giving the tax security to people who make less than $250,000 a year. so i say let's have speaker boehner call upon the republicans in the house to add 25 or so votes to what the democrats would do, and you'd have 218 votes and we could go on to taking care of the fiscal cliff. mr. president, my friend protests too much. the senate is broken and needs to be fixed and we need to change the rules. we change them all the time. last year we changed the rules. why? because, mr. president, what they were doing -- republicans -- just to stop and slow down everything, after two cloture votes -- remember that takes a long time to file two cloture petitions, a couple of days and then 30 hours. two cloture votes, 60 hours. you would think the debate was all over. oh, no, what they decided they were going to do is suspend the rules and have more votes. we put up with it for awhile.
the average middle- class family could pay about 200--$2,000 a year more in taxes. house speaker john boehner blanks the spot stalemate on the obama administration. he says they are taken republicans seriously with their plan to close loopholes and deductions without raising taxes. >> we think it would be a wonderful christmas gift for the american people for the middle class a tax cut come january people and we want them to tell the american people why not that they will not do it. we are optimistic. >> the democratic controlled senate has already voted to extend the bush era of cut for incomes that are under $250,000 and led the other is expired. >> moody's analytics predicting there will be a short-term deal reached before the end of the year. we will take a quick break on the kron for morning new we want to go outside and give you a quick look. we will tell you about the power outages i think we have information where you can see the north bay is still dealing with more than 1300 customers without power in the south bay about 1100. in the east bay 940. 700 on the peninsula and roughly 60
, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are familiar with. the big, itemized deductions are things like the home mortgage interest deduction. there is a deduction for state and local taxes that is very important, the deduction for charitable contributions is r
days before the debt limit deadline, i had dinner with john boehner, and saxby chambliss, who'd been close friends serving together in the house. i shared my concerns with the speaker and he asked how i would get to a better outcome >> guest: well, first of all, ask yourself the question, when was the last time the debt limit was not increased. so, do we have a debt limit? and the answer to that is, the reason we're in trouble is because we essentially do that every time a president wants to raise it, they did it raised. so we've never acted responsibly to trim the waste in government. here's the other point i think. we are going to -- here's the debt limit we're going to run into. it's what "the debt bomb" is all about. there will come a time in the very near future where people won't loan us money. because their expectation of our ability to pay it back will be such that we will see interest payments like greece. and that's not all that far away. you can have ben bernanke telling you there's no inflation. most americans know that is into right now if you're out there buying milk an
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